After such volatile push up from 39k and holding without proper retest I expect false broke down of this pattern or dirrect PUSH UP to TP1. TP1: 41127 / RR: 1.24 TP2: 41862 / RR: 3,82 SL1: 40478 SL2: 40238
Dogecoin (DOGE) is not going to lose its popularity. Each asset has its own behavior, which depends on the traders who trade it. What does not work at the cryptocurrency market, works at FOREX or stock market, and vice versa. The peculiarity of DOGE is a large number of retail traders , who trade it. Retail traders place stop-losses as described in the book,...
Hello, This is my analysis about Bitcoin or BTC I hope this would help you about Crypto this is my scenario
I believe that the pump today is a fakeout, the price was pumped to a supply zone created on April 13th only to load up their short positions. The pump today was very steep and comparing to previous breakouts the volume today was hardly of much significance.
Taking a look at bitcoin we've traded into a key resistance level, I'm expecting to see it range here for a bit possibly pull back down into previous support. I'm looking for an opportunity possibly short if we get a break retest and fail of the range low and if we don't see this there's no trade setup.
depending on market infrastructure bearsh on 4h chart btc long flag patters
Monday 11th April 2022 BTC 12 hour chart We have a perfected red TD 9 count with a buy setup - gold diamond TD support is currently at $40,161.00 TD risk is at $40,,983.00 TD count has not restarted A good area to buy would be in the $40,983.00 to $41,599.00, with low ball buys at the lower Fibb line of $38,531.00. We probably do not want to see it close...
Monday 11th April 2022 BTC 12 hour chart We have a perfected red TD 9 count with a buy setup - gold diamond TD support is currently at $40,161.00 TD risk is at $40,,983.00 TD count has not restarted A good area to buy would be in the $40,983.00 to $41,599.00, with low ball buys at the lower Fibb line of $38,531.00. We probably do not want to see it close...
As per my previous post we had broken the support trend line on the shorter time frames however the daily is what I am most interested in and also considered it being a bear trap, as we can ee we have had a good bounce back above the support trend line and in less than an hour likely to close above, I see this as very bullish and expect some good upward movement...
Recap of my last chart:- 39.2k is not the local bottom, we need another low to form a bullish divergence and touch the lower trendline support with a potential low of $38600. BTCUSDT printed a low of $38536, the price that I mentioned in my previous update on April 15 was $38600. So far BTC has achieved what it needed to continue the bullish trend. However, it's...
BINANCE:DOGEUSDT has formed a very nice symmetric triangle and it's ready for breakout. We can expect to DOGE to break upward since the overall trend is upward, we have very nice LONG trade if the triangle breaks upward and our next exit is at next resistance line. It is also possible for DOGE to break downward, if its break out downward then we have very...
BTCUSDT price hit exactly a support and bounced. Bulls react quickly and bring the price back into the range. That is a good sign for long traders, but can they contain for a few sessions? A BIG ASK! On Monthly, Prospective is still on a bearish side because strong support is still untied. Any downside can create excitement for Short traders towards 37K or...
Hello, everyone! Yesterday I told you that we will see the dump in next 24 hour and we did. I thought that the potential local bottom is going to be at $37500, but the BTC hit $38300 and now is forming the reversal setup. Of course I think that this bottom will be local, not the bottom of whole bear market. The Bitcoin price formed the extremely strong (triple!)...
Bitcoin dominance (BTC.D) is falling, which means that altcoins are starting to pump!Do you want to know why this happens? The global situation shows that we should expect an Altseason. The price (%) broke the long-term channel, which has been building for more than 2 months. Such global patterns also lead to global movements on the chart in the short...
I do see more downward pressure since there's been a retest of the upper trend line and it failed to penetrate to the upside. As long as we rebound off the lower trend line i'd expect a huge pump to the $48000 - $50000 region.
Bitcoin is currently trading around 0.618 FIB Retracement from 32950$ lows from January 2022 to 48200$ highs from March 2022. The retracement area between 0.618 and 0.786 FIB in confluence with Trendline is crucial for Bitcoin bulls. Bounce from this area could indicate higher prices into 50000$ to 53000$ area, while failure to bounce from this area will...
Imo it can get very interesting if we manage to keep +/- curent low.
I Think Bitcoin is going to reverse from 38420 support level NOT FINANCIAL ADVICE